Meta CEO Mark Zuckerberg is reportedly heading to South Korea next week. This would be his first visit to the country in over a decade as he last visited the country, which was his first ever trip to Korea, back in June 2013. There aren’t a lot of details about his trip available at this […]
Read MoreEarlier this week, a court in South Korea announced its verdict in the long-pending case related to the merger of Samsung Group’s affiliate companies. It was alleged that Samsung Electronics Chairman Lee Jae-yong was involved in market irregularities and illegally boosting the share price of Cheil Industries, one of Samsung Group’s affiliate companies. However, Lee […]
Read MoreSamsung is facing intense competition in the semiconductor market, largely due to TSMC’s increasing competitiveness as well as Intel’s comeback. The supply glut in the memory market and resulting price declines have already been quite painful for the company. It didn’t help that Samsung Chairman Lee Jae-yong’s absence due to his legal troubles prevented Samsung […]
Read MoreIt’s not uncommon for companies that have deep pockets to fuel growth through mergers and acquisitions. Samsung is certainly one with deep pockets as its cash reserves are in excess of $60 billion. However, the company has been out of the M&A market since 2017 when it acquired Harman for $8 billion. That might change […]
Read MoreSamsung Electronics chairman Lee Jae-yong has been found not guilty in the case that was connected to the controversial merger of Cheil Industries Inc. and Samsung C&T Corp. These companies were merged in 2015, and it was alleged that Lee Jae-yong was involved in stock price rigging and accounting fraud to solidify his position and […]
Read MoreSamsung, like many major Korean conglomerates that are led by the descendants of the founder, is as chaebol as they come. Chaebol refers to a diversified South Korean conglomerate that’s led by an individual or family. As you’d probably expect, the people in charge of these massive companies tend to be considerably wealthy. So it’s […]
Read MoreSamsung Electronics chairman Lee Jae-yong has been embroiled in several legal issues over the past decade, and he was sent to jail twice. However, he was pardoned and released from jail before the end of his jail term. Now, he is facing the same old charges once again, and this time, the prosecution has sought […]
Read MoreSamsung is adopting a “Senior Outside Director” system for two more of its branches, SDI and SDS. The decision, spearheaded by Lee Jae-yong, was reportedly made on October 26, as the company inaugurated Lee’s first anniversary as a Chairman. Samsung Electronics’ Board of Directors comprises five Executive Directors and six Independent Directors — also known […]
Read MoreYesterday, October 19, Samsung Executive Chairman Lee Jae-yong visited the construction site of the next-generation semiconductor R&D complex at the Giheung campus in South Korea. The leader inspected the construction site and held a management meeting with other Samsung executives, some of whom attended through video conferencing as they were overseas. The management meeting took […]
Read MoreTesla’s dream of creating fully-autonomous electric vehicles might be a few years away, and Samsung Electronics will contribute to making that dream come true. A new report says Samsung will manufacture the Tesla Hardware 5 (HW 5.0) chip, but Samsung will not be the only chipmaker to have this opportunity. Ideally, Tesla’s HW 5.0 chip […]
Read MoreA few weeks ago, it was revealed that Samsung is thinking of developing its own ChatGPT-like AI solution after some of its internal data was leaked. Now, a new report claims that Samsung Electronics has started the full-fledged development of its own LLM (Large Language Model) for internal use. The development of Samsung’s LLM solution […]
Read MoreSamsung’s Lee Jae-yong is reportedly preparing to embark on a lengthy business trip to the USA. There, the Samsung leader is expected to meet with some of the tech industry’s most influential people and reinforce Samsung’s partner network while creating new plans for future business ventures. Industry sources (via Hankyung) say that Chairman Lee will […]
Read MoreThe increased restrictions by the US on China and the policies enforced by the US government on China have put two of the top South Korean memory chipmakers—Samsung and SK Hynix—in a tough spot. The leaders of both memory chip firms are expected to visit the US next month. According to a report by BusinessKorea, Samsung Electronics Chairman […]
Read MoreSamsung Electronics Executive Chairman Lee Jae-Yong visited Samsung SDI’s pilot production line in Suwon, South Korea, to focus on the production of solid-state EV batteries for future growth. Solid-state batteries are termed ‘dream batteries’ which is why the South Korean conglomerate wants to tap into them and boost its future growth to overcome the downturn in the […]
Read MoreSamsung’s Executive Chairman board membership was not among the topics of discussion during the company’s recent board of director meeting, held Tuesday. Lee Jae-yong joined the board of directors in 2016 but left in October 2019 when he was facing bribery charges connected to former President of Korea Park Geun-hye. Samsung’s board of directors held […]
Read MoreThe latest information from Business Korea confirms that Samsung Electronics has hired two former Ericsson executives. Samsung has taken this move to expand its telecommunications equipment business by bringing on board the experience of the two former Ericsson executives. Henrik Jansson, formerly the strategic sourcing manager for Ericsson, has been named to lead the Strategy Task […]
Read MoreExecutive Chairman of Samsung Electronics, Lee Jae-Yong, has returned to South Korea from a 10-day long business trip to Southeast Asia, reports The Korea Times. During his trip, the company’s chief visited Malaysia, Singapore, and Vietnam. The aim of his visit to the three countries was to reportedly “pinpoint the next sustainable growth drivers of […]
Read MoreIn a very rare meeting, the South Korean conglomerate Samsung Group recently held a meeting with all its CEOs from all affiliates. On Wednesday, the meeting mainly discussed the economic downturn next year and the recession woes, including falling semiconductor prices, dipping currency rates, and further rate hikes. The high-level meeting took place Monday at […]
Read MoreSamsung began the construction of its R&D center in Hanoi, Vietnam, back in March 2020. On Friday, Samsung officially opened the newly constructed R&D center, and VIPs attended the opening ceremony. The R&D center in Vietnam is reportedly the largest facility in the Southeast Asian country set up by a foreign firm. During the opening […]
Read MoreIn March 2020, Samsung began the construction of a new research and development center in Hanoi, Vietnam, which is expected to cost Samsung $220 million. Reportedly, the construction of this R&D center is now complete, and the Executive Chairman of Samsung Electronics, Lee Jae-yong, will visit Vietnam this week to celebrate the achievement. According to The […]
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